IHS Chemical Week

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March 3, 2015
LSB Industries (Oklahoma City, OK) reports net income of $657,000 for the fourth quarter, down from $37.3 million in the year-ago period. Sales totaled $181.3 million, up 22% year-over-year (YOY). Adjusted earnings of 9 cts/share fell short of the analysts’ consensus estimate of 35 cts/share, as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/LSB-Industries-fourth-quarter-results-miss-estimates_68271.html
March 3, 2015
Discussions on the March toluene contract for Europe reached an impasse Tuesday with no further settlements forthcoming initial price of $668/m.t. agreed Friday, according to...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/toluene/March-toluene-contract-price-talks-at-an-impasse-in-Europe_68274.html
March 2, 2015
Wood Group (Houston) says it is providing detailed engineering, procurement, and fabrication services for the process control systems required by ExxonMobil Chemical’s multibillion-dollar expansion project at ExxonMobil's Baytown and Mont Belvieu plants near Houston....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Wood-Group-awarded-process-controls-contract-for-ExxonMobil-ethylene-PE-project_68233.html
March 2, 2015
PotashCorp has signed an agreement to purchase a 9.50% stake in producer and distributor Fertilizantes Heringer (Viana, Brazil) from that company's controlling shareholders for $55.7...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/PotashCorp-acquires-9-5-percent-stake-in-Brazil-fertilizer-firm_68227.html
March 2, 2015
India plans to reduce customs duties on a range of petrochemical products and feedstocks, such as styrene monomer and naphtha, when its fiscal year 2015-16 begins on 1 April, the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene_dichloride/India-to-cut-customs-duties-on-products-including-styrene-naphtha_68220.html
March 2, 2015
China was the leading destination for benzene exports from South Korea for a second straight month in February, data obtained by IHS Chemical show. More than 98,000 m.t. of...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/China-retains-top-spot-for-benzene-exports-from-Korea_68213.html
March 2, 2015
The California Environmental Protection Agency’s office of environmental health hazard assessment (OEHHA) says that it intends to list styrene as known to cause cancer under the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/California-seeks-to-list-styrene-as-carcinogen_68203.html
March 2, 2015
Shell Chemicals has upgraded its mixed xylene (MX) production at a major US site from an 843 grade to an ASTM 5211 grade, the company says. The upgrade follows the addition of a clay...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/mixedxylenes/Shell-completes-mixed-xylenes-upgrade-at-Deer-Park_68204.html
March 1, 2015
Iran is making good progress with construction of what it says will be the world’s largest methanol plant. Mohammad Hassan Peyvandi, deputy head of the National Petrochemical Co...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Iran-builds-mega-methanol-plant-at-Bandar-Dayyer_68205.html
February 27, 2015
Oxiteno, the chemicals business of Ultrapar (São Paulo), posted a 98 million reais ($34 million) Ebitda during the last quarter of 2014 down 9% year-on-year (YOY), according to...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene_glycol/Oxiteno-Ebitda-drops-in-fourth-quarter_68181.html
February 27, 2015
Petrochemicals Malaysia restarted its polystyrene (PS) plant at Pasir Gudang, Johor, on 21 January after completing a prolonged shutdown maintenance program which began in early...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Petrochemicals-Malaysia-restarts-high-impact-polystyrene-plant_68178.html
February 26, 2015
Axiall reiterated on 25 February its recent decision to delay construction of an ethane cracker in Louisiana until after the first quarter because of uncertainty in energy markets. On...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Axiall-Lotte-delay-decision-on-Louisiana-cracker-project_68095.html
February 26, 2015
Asian market sources have confirmed that a price premium that spot benzene cargoes in Asia currently command over their US counterparts has resulted in a rare reverse arbitrage opening...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Asian-traders-confirm-US-to-China-arbitrage-for-benzene-amid-wide-spot-price-gap_68106.html
February 25, 2015
US propylene inventories were up for the week that ended on February 20, according to data released by the US Energy Information Administration (EIA) on Wednesday.  It was the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/US-propylene-stocks-up-second-straight-week_68094.html
February 25, 2015
A rarely seen arbitrage between Europe and Asia for benzene has opened and reportedly been worked as Europe still struggles to deal with length in its domestic system heading into...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Rare-Europe-to-Asia-arbitrage-opens-as-Europes-benzene-market-lengthens_68075.html
February 25, 2015
Olefins and derivatives producer TVK (Tiszaújváros, Hungary) posted big year-on-year (YOY) increases in earnings for the fourth quarter of 2014. Net profit soared to...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/butadiene/TVK-posts-big-profit-gains-prepares-to-start-up-new-butadiene-unit_68073.html
February 25, 2015
Westlake reports net income for the fourth quarter of $183 million, up 7% year-over-year (YOY) from $171 million on the advantage of converting from propane to ethane feedstock. Net sales increased 19% YOY to $1.1 billion, mainly on the contribution of Vinnolit Holdings, which Westlake acquired in the third quarter. Earnings of $1.37/share were just shy of the analysts’ consensus of $1.38/share reported by Thomson Reuters (New York) owing to the 3 cnt/share impairment of an equity investment....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Westlake-net-income-up-7-percent-on-feedstock-costs_68045.html
February 25, 2015
Chevron Phillips Chemical (CPChem) has production back up at its Cedar Bayou, TX, steam cracker, according to market sources this week. However, the company would not confirm any...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Sources-CPChem-production-back-up-at-Cedar-Bayou_68061.html
February 24, 2015
Alpek (Monterrey, Mexico) reported a net loss of $25 million during the fourth quarter of 2014 compared with a $9-million loss in the fourth quarter of 2013. The quarterly loss...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Alpeks-loss-widens-in-fourth-quarter-exits-Russian-JV_68051.html
February 24, 2015
The construction of Yacimientos Petroliferos Fiscales Bolivianos' (YPFB; La Paz) previously announced fertilizer complex at Bulo Bulo, Bolivia, is advancing and is 64.4% complete, says...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Bolivias-YPFB-fertilizer-project-64-percent-complete_68040.html
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